package com.imsl.test.example.finance;

import com.imsl.finance.*;
import java.text.NumberFormat;

/**
 * <p>
 * Computes the amount of principal paid in the first year of a 30 year fixed
 * rate mortgage.
 * </p>
 *
 * The amount of principal paid in the first year of a 30 year fixed rate
 * mortgage is computed. The amount financed is $200,000 at an interest rate of
 * 7.25% for 30 years.
 *
 * @see <a href="FinanceCumprincEx1.java">Code</a>
 * @see <a href="doc-files/FinanceCumprincEx1.out">Output</a>
 */
public class FinanceCumprincEx1 {

    public static void main(String args[]) {
        double rate = 0.0725 / 12;
        int periods = 12 * 30;
        double pv = 200000;
        int start = 1;
        int end = 12;
        double total;

        total = Finance.cumprinc(rate, periods, pv, start, end,
                Finance.AT_END_OF_PERIOD);

        System.out.println("First year principal = "
                + NumberFormat.getCurrencyInstance().format(total));
    }
}